SIOUX CITY, Iowa (KTIV) - CF Industries isn't giving up on a hostile takeover bid for Sioux City based Terra Industries.
CF went so far as too sweeten their offer for the second time.
CF raised its offer to about $30.50 a share, from a bid of $27.50 a share two weeks ago.
CF is pressing Terra's board to accept a negotiated merger and is proceeding with a plan to elect a slate of three directors at Terra's 2009 annual meeting.
Demolition is in full swing on the South Sioux City, Nebraska, grain elevator damaged in an explosion, last month.
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